Spare parts Logistics
To optimize the spare parts logistics you have to start with a derivative of the variety of components with respect to different attributes, such as failure mode, annual consumption, value of the component, storage costs, etc.. Afterwards spare parts are assigned to a suitable procurement or staging process (i.e. KANBAN). With the determination of the optimal structure of the inventory management (i.e. centralized, decentralized), cost minimizing potentials can be finally revealed and quantified. Following, actions for organizational and financial improvements in spare parts logistics and stock keeping can be defined and realized.